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2026-05-27 16:51:26
[EU Approves Removal of Tariffs on Multiple US Goods to Counter Trump's Threat of Higher Tariffs] ⑴ Sources revealed that EU governments approved legislation on Wednesday aimed at removing import tariffs on multiple US goods, a move expected to counter President Trump's earlier threat to impose higher tariffs on EU automobiles and other products. ⑵ Under an agreement reached last July, the EU agreed to remove import tariffs on US industrial goods and grant preferential market access to US agricultural and seafood products; at the same time, the EU accepted the US arrangement to impose a 15% tariff on most EU goods. ⑶ Ten months have passed since the framework agreement was reached, but the EU has still not fulfilled its obligations under the agreement, prompting Trump to say that if the EU fails to deliver on its promises by July 4, he will impose "much higher" tariffs on EU goods.
